MAKER (MKR) Price, Analysis, Predictions, and Calculator

According to OnchainDataNerd, Rune Christensen, CEO of Maker DAO, recently received 2.04 million $ENA tokens, valued at approximately $777,000, through vesting. He subsequently swapped these tokens for $774,000 in USDC. In contrast, Christian Tom received 2 million $ENA tokens, valued at around $768,000, and chose to stake all of them into Pendle. These transactions highlight different strategies regarding $ENA, with Christensen opting for liquidity while Tom seeks potential returns from staking.

According to Spot On Chain, Rune Christensen, the founder of Sky (formerly known as MakerDAO), has sold all his 2.04 million $ENA tokens for 744,000 $USDC shortly after claiming them from Ethena Labs. Additionally, he converted all his 22.08 million $USDe into $USDT a week prior. Christensen was previously one of the largest holders of $USDe, indicating a significant shift in his investment strategy.

According to @CCData_io, today's top cryptocurrency stories include Bitcoin (BTC) experiencing a decline due to Middle East tensions, CME Group's BTC Friday Futures debuting with record trading volume, Bitcoin miners' profits hitting a record low in September, and MakerDAO completing its rebrand to Sky.

According to @ai_9684xtpa, EIGEN will allow token transfers starting today at 12:00. It is reported that three market makers have been allocated a total of 6.48 million $EIGEN tokens for market making. The distribution is as follows: Flow Traders received 3.45 million tokens, Auros Global received 1.60 million tokens, and an unknown market maker received 1.43 million tokens. Interestingly, EIGEN, a leader in the re-staking sector, did not engage with more prominent market makers.

According to @spotonchain, an early $MKR holder who bought 451.5 $MKR in 2017 at approximately $23 has sold 251.5 $MKR for $408K, receiving 172.5 $ETH at $1,624 each, achieving a 70x return. MakerDAO has seen a 24% decline since its recent rebranding.

According to @ai_9684xtpa, Wintermute is also a market maker for $APE. For more details on market making, refer to the linked tweet.

According to ZachXBT, there is speculation that a drainer customer might offer a six-figure sum for a username associated with MakerDAO. This indicates potential high interest and value in specific usernames within the crypto community.

According to ZachXBT, there is speculation that a customer, possibly involved in draining activities, might offer a six-figure sum to acquire a specific username associated with MakerDAO. This could indicate high demand and value for certain digital identities within the crypto community.

According to Justin Sun, the decentralized stablecoin USDD operates on a mechanism similar to MakerDAO's DAI. The system allows any collateral holder to withdraw freely when their collateral exceeds the specified amount, typically between 120%-150% depending on the vault.

According to Justin Sun, the decentralized stablecoin USDD operates with a mechanism similar to MakerDAO's DAI. The process involves collateral management where holders can withdraw freely as long as their collateral exceeds the system-specified amount, typically ranging between 120% and 150% based on the vault.

According to @ai_9684xtpa, the tokens were airdropped in bulk by the project team, similar to an advertising method, and were not actively held by the two market makers.

According to @ai_9684xtpa, the recent performance of $RARE is reminiscent of $TRB and $BLZ at the end of last year. Common traits include sudden price surges without positive news, widespread visibility of K-line charts across various groups, and Binance contracts settling funding rates every four hours, creating a 'gamblers' paradise.' However, unlike TRB and BLZ, where on-chain activities of market makers and whales were traceable, RARE lacks such identifiable movements.

According to @ai_9684xtpa, a large whale or institution with the address 0x50f...4bF21 bought 1474 WBTC worth $84.03 million from Galaxy Digital OTC seven hours ago. This purchase comes at a time when WBTC is significantly affected by a 'custody change.' MakerDAO has passed and executed a proposal to reduce the WBTC collateral scale, indicating that WBTC's largest backer no longer supports its use in the DeFi ecosystem.

According to @CCData_io, today's top crypto stories include the Mt. Gox trustee signaling upcoming creditor payouts with test Bitcoin transfers, DBS launching a blockchain-powered treasury and liquidity management solution, and Grayscale introducing a MakerDAO Trust to offer investors direct exposure to MKR.

According to @ai_9684xtpa, there has been significant discussion today about the potential change in WBTC custody. MakerDAO has proposed to halt new WBTC lending and reduce the WBTC lending ratio in Spark to zero. Justin Sun has clarified the situation, while one of the co-founders of Jupiter has expressed skepticism. The tweet thread aims to provide comprehensive data on WBTC to help users understand its importance in the current crypto ecosystem.

According to @felixreads, MakerDAO continues to dominate the Collateralized Debt Position (CDP) protocols, reporting an average daily revenue of $246,351.50 and a Total Value Locked (TVL) of $4.9 billion as of August 5, 2024. This consistent performance over recent months underscores the strong position of MakerDAO's $MKR in the market.

According to Coinbase International Exchange, the platform will add support for Dymension (DYM), Maker (MKR), and Aave (AAVE) perpetual futures. These new markets, specifically DYM-PERP, MKR-PERP, and AAVE-PERP, will be available on both Coinbase International Exchange and Coinbase Advanced starting on or after 9:30am UTC on August 1, 2024. This expansion provides traders with more options for futures trading on these popular cryptocurrencies.

According to Lookonchain, Maker-related wallets deposited 2,500 MKR, valued at $7 million, to Binance today. These wallets still hold 6,405 MKR, worth approximately $18 million. This activity indicates substantial MKR movements and could impact MKR's market dynamics on Binance.

According to @EmberCN, an address associated with the MakerDAO team has been selling MKR tokens for the past 4 months. The sale, which started on March 18, has offloaded 28,743 MKR tokens worth $85.81 million to Wintermute OTC and exchanges at an average price of $2,985 per token. Only 2,228 MKR tokens worth $6.23 million remain to be sold.

According to @EmberCN, the German government is close to completing its BTC liquidation. As of now, their wallet holds only 3,846 BTC ($223.03M). Today, they transferred 5,248.2 BTC ($301.22M) to exchanges and market makers. At the current rate of daily transfers, they could finish the liquidation by tomorrow if they work overtime on Saturday.

According to @charlesdhaussy, dYdX is hiring for an Institutional Business Development role. The position involves driving institutional sales, building a robust client pipeline, and onboarding new market makers and institutional clients. Interested candidates can apply via the provided link.

According to @felixreads, the Total Value Locked (TVL) in Real World Assets has experienced notable growth, with Maker RWA leading the market and reaching a peak of $3.37 billion in 2023. Ondo Finance consistently holds the second position in TVL, with values ranging between $154 million and $203 million. MatrixDock and Solv Funds are also notable contributors in this space.